Knowledge Base

PTC Inc

Overview of PTC

PTC Inc. was founded in 1985. The company develops and delivers technology solutions that include various software products and allied services. PTC offers computer-aided design (CAD) modelling, product lifecycle management (PLM) and service lifecycle management (SLM) products and solutions for manufacturers. PTC is also at the forefront in offering a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications. PTC was formerly known as Parametric Technology Corporation and changed its name to PTC Inc. in January 2013. The company is based out of Needham, Massachusetts, USA, and is listed on Nasdaq.

Expertise / Areas of Operation

PTC’s offerings are in the products, industry solutions and services domain.

PTC acquired Vuforia from Qualcomm Connected Experiences, Inc., a subsidiary of Qualcomm Incorporated in 2015. The Vuforia platform is the industry’s most advanced and widely adopted augmented reality (AR) technology platform. The acquisition enhances PTC’s technology portfolio and accelerates PTC’s strategy as a leading provider of technologies and solutions that blend the digital and physical worlds.

Built on ThingWorx - PTC’s industry-leading IoT platform - ThingWorx Manufacturing Apps are a set of role-based pre-built IIoT apps that can be installed and configured in a hassle free manner without impacting production. Typically needing less than an hour to install, ThingWorx manufacturing apps are 100% web-enabled and accessible via any browser. ThingWorx Manufacturing Apps accelerate digital transformation by enabling engineers to view, understand, and act on industrial data in real time.

PTC acquired Kepware in early 2016. Kepware is a software development company that provides communications connectivity to industrial automation environments. Kepware enhances PTC's portfolio of IoT and accelerates its foray into industrial IoT. Kepware allows machine data to be aggregated into PTC ThingWorx platform. ThingWorx's machine learning capabilities then automatically analyzes this data for gainful insights. PTC Kepware improves an enterprise's operational performance, quality, and time to market.

PTC's PLM products are designed to address challenges that companies, particularly manufacturing companies, face over the life of their products. Windchill is a suite of PLM software from PTC that offers lifecycle intelligence-from design to service. Blending core PLM with IoT and augmented reality (AR), PTC Windchill is a comprehensive product lifecycle management software that helps the companies of all sizes in the seamless management of their product development. Simply put, PTC Windchill is an end-to-end software for managing all data, content, documentation and processes.

PTC Industry Solutions

PTC has been an industry leader for more than 30 years in the field of CAD and PLM products. It has been a pioneer in ushering innovative industrial solutions in new and evolving fields like augmented reality (Vuforia), IIoT (ThingWorx); both an essential component of Industry 4.0.

PTC products like Creo for CAD, Vuforia for AR, ThingWorx for IIoT and Windchill for PLM, also provide solutions for various industries like aerospace and defence, automotive, electronics, Hi-Tech companies, life sciences, manufacturing, oil & gas and retail & consumer products.

PTC's industry solutions unite siloed teams and give them unified control over end-to-end product and process data, so that industries can get back to what they do best: rapidly adapting existing models to deliver customer-centric experiences of the utmost quality.

PTC Services

Implementing the tenets of AR, VR, IIoT and Industry 4.0 is not an easy job. PTC offers consulting, implementation, training and cloud services through its Global Professional Services Organization to facilitate the transition to a competitive industry using cutting edge technology. PTC Global Services has enlisted more than fourteen hundred professionals to help the world’s leading manufacturing companies gain product and service advantage through solution strategy and design, process transformation, technology configuration, and organizational training and adoption. PTC's in-house experts and premium services partners work diligently to ensure the best possible results for their customers.

PTC Worldwide

PTC has built strategic relationship with leading technology companies, as well as several other complementary partners and resellers to boost their growth. Creo, Thingworx and Vuforia are well established products that are being used by reputed companies around the world to accelerate their digital transformation. PTC is accepted as one of the leaders in the IIoT / Industry 4.0 sector, and has presence in all the major cities / regions of the world. In India, PTC has presence in Pune, Mumbai, Bengaluru, Gurgaon and Chennai.

PTC's partner network provides leading technology, tools and resources that help partners achieve success. It nurtures partners for the benefit of joint, global customer base. The PTC partner network also showcases innovative technologies and solutions to engage customers through marketing, sales and the PTC Marketplace.

Industry 4.0 has revolutionized the way businesses are conducted, especially the manufacturing sector. PTC products like Creo, Windchill, ThingWorx and Vuforia help accelerate this growth.